We were joined this week by Preet Banerjee, host of the Mostly Money podcast, management consultant focused on commercial applications of behavioral finance, and founder of MoneyGaps’: "Light Financial Planning" software for advisors. Our conversation included topics such as:

• Preet’s diverse background – from neuroscience and financial advisory to auto racing
• Realizing everything is about psychology
• Outgrowing his advisory practice and becoming a consultant
• Setting out to quantify the value of financial advice across multiple channels
• Navigating industry minefields and the trouble with incentives
• The risks involved with Order Execution Only
• Innovations in the “high volume, light touch” advice
• The many faces of financial guidance
• The evolution of the robo-advisory model
• Separating wheat and chaff in advisory land
• Hyperbolic discounting
• Time inconsistent preferences
• Process, discipline and maximizing potential outcomes
• Regulations, choice abundance and Australia’s superannuation model
• And much more…

This is “ReSolve’s Riffs” – live on YouTube every Friday afternoon to debate the most relevant investment topics of the day, hosted by Adam Butler, Mike Philbrick and Rodrigo Gordillo of ReSolve Global* and Richard Laterman of ReSolve Asset Management.

 

*ReSolve Global refers to ReSolve Asset Management SEZC (Cayman) which is registered with the Commodity Futures Trading Commission as a commodity trading advisor and commodity pool operator. This registration is administered through the National Futures Association (“NFA”). Further, ReSolve Global is a registered person with the Cayman Islands Monetary Authority.